The Deputy Prime Minister used his weekly radio slot to criticise how political parties are funded, claiming the Conservatives are trying to "buy the election" by outspending their rivals.

Nick Clegg said that the Labour party are in the "pockets of trade unions" with the Tories in the "pockets of city financiers".

This comes after the Conservatives recently held a fundraising gala in a luxurious five-star hotel in Mayfair this week.

The event was attended by many celebrities including Peter Stringfellow, Lycamobile founder Subaskaran Allirajah and Pimlico Plumbers founder Charlie Mullins. Guests turned up in their glad rage to bid for prizes to go towards the party’s campaign budget.

Prizes that were up for auction

Shoe shopping with Theresa May, the Home Secretary

A Meal at the Carlton Club with Sajid Javid the Culture Secretary

Dinner at home with Michael Gove, the parties Chief Whip

Jogging session with Nicky Morgan, the Education Secretary

The Black and White Tory ball aimed to raise £3million for the Conservatives. The Lib Dem leader said: "It seems to me that the Conservatives think you can buy this election.”

Nick Clegg has challenged whoever becomes the Prime Minister in May to have new system agreed within six months, he said the process needs “greater transparency, a proper level playing field."